National Storage REIT is an independent, internally managed and integrated owner and operator of self-storage centers. The Company will also own an ancillary commercial property at Marion, South Australia (Marion Road Commercial Property) which is located adjacent to one of the Freehold Centers. The Company’s self-storage centers operate under the National Storage and Wine Ark brands. The Company’s portfolio consists of approximately 28 self-storage centers operating from internally owned properties (Freehold Centre’s); approximately 10 self-storage centers operating from third-party owned properties under long-term lease arrangements (Leasehold Centre’s), and approximately 24 self-storage centers managed for Southern Cross (an existing investment fund co-owned by funds managed by Heitman and National Storage REIT).